GREAT LAKES ASSOC OF ORTHODONTISTS

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

DR J MARTIN PALOMO

Phone

6142284710

Tax Period

2023-07-01 to 2024-06-30

GREAT LAKES ASSOC OF ORTHODONTISTS, founded in 1982, is a small nonprofit that reported $499K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $482K left a modest 3% surplus.

Mission

TO PROMOTE THE ETHICAL DELIVERY OF QUALITY ORTHODONTIC CARE BY PROVIDING ITS MEMBERS WITH EDUCATIONAL OPPORTUNITIES AND INFORMATION REGARDING ADVANCES IN ORTHODONTIC TREATMENT AND TECHNOLOGY.

Program Service Accomplishments

Program 1

TO PROVIDE ITS MEMBERS WITH EDUCATIONAL OPPORTUNITIES AND INFORMATION REGARDING ADVANCES IN ORTHODONTIC TREATMENT

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $145,405

Program Service Revenue $334,409

Investment Income $15,030

Other Revenue $4,000

TOTAL REVENUE $498,844

Expense Breakdown

Grants Paid $750

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $481,301

TOTAL EXPENSES $482,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$498,844	$377,486	+0.3%
Expenses	$482,051	$302,421	+0.6%
Net Income	$16,793	$75,065	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR FATIMA AHMED	DIRECTOR	2.00	Director	$0	$0	$0
DR DANA CRAIG	DIRECTOR	2.00	Director	$0	$0	$0
DR LANA R HELMS	DIRECTOR	2.00	Director	$0	$0	$0
DR J MARTIN PALOMO	PRESIDENT	2.00	Officer Director	$0	$0	$0
DR THOMAS J ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
DR SCOTT O SCHULZ	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DR MICHAEL SHERMAN	TRUSTEE	2.00	Director	$0	$0	$0
DR DREW SMITH	DIRECTOR	2.00	Director	$0	$0	$0
DR KELTON T STEWART	PRESIDENT-EL	2.00	Officer Director	$0	$0	$0
DR MARIAN WOLFORD	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
DR TASHA E HALL	EDITOR	2.00		$0	$0	$0
DR VALERIE D MARTONE	PAST-PRESIDE	2.00		$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$498,844	$482,051	$1,070,312	$16,793
2023	$377,486	$302,421	$985,574	$75,065
2022	$298,896	$267,822	$835,786	$31,074
2021	$191,272	$98,365	$836,593	$92,907
2020	$373,600	$333,491	$636,933	$40,109
2019	$204,396	$173,715	$702,770	$30,681